Russia’s third-largest oil producer, state-owned Rosneft, has reported finding new oil and gas reserves in the Russian far east.
Sakhalin island is known to be an oil-producing giant. The platform named Orlan – meaning sea-eagle in Russian – is part of the Sakhalin-1 project, where Rosneft is already working with Japanese and Indian oil production companies and Exxon Mobil. Oil is due to flow from Orlan by the year-end. Personnel on Sakhalin work fast, between 12 and 14 hours a day, seven days a week. Every day is worth millions of dollars in oil. Experts say Sakhalin will become the main oil supplier in Asia. Japan, South Korea and China are hungry for energy.